30% July, 2021

The Manager,

Listing/Market Operation, National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G,

Bandra — Kurla Complex,

Bandra (E),

Mumbai — 400 051

NSE Code —- ASAHIINDIA

“SN

< AIS > Ref. No.: 101424/S/O 8472021 -22

The Manager,

Corporate Relationship Department,

BSE Limited,

Phiroze Jeejeecbhoy Towers, Dalal Street,

Mumbai — 400 001

BSE Code — 515030

Sub: Outcome of Board Meeting

Dear Sir(s),

The Board of Directors of the Company in its meeting held today ie. 30% July, 2021, inter-alia, considered, approved and took note of the following:

1)

2)

we

Ne

The unaudited financial results of the Company (Standalone and Consolidated) for the first quarter ended 30% June, ©2021, pursuant to Regulation 33 of

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015;

Convene 36 Annual General Meeting (“AGM”) of the Company on Wednesday, 29: September, 2021, and closure of Register of Members and Share Transfer Books of the Company from 234 September, 2021 to 29% September, 2021 (both days inclusive) for the purpose of Annual General Meeting and Dividend, through video conferencing and other audio video means;

‘The Company has, in principle, agreed to execute a Term Sheet with Ahmedabad based Vishakha Group for setting up a _ green field solar glass | =manufacturing plant at Mundra, Gujarat. AIS will take a minority stake in the solar glass business.

The public announcement in this regard is enclosed along with.

The meeting of the Board of Directors commenced at 08:30 a.m. and concluded at L| ‘15 am.

You are requested to kindly take the above on record.

Thanking you,

Yours truly, For Asahi India Glass Ltd.,

pal al Ganatra

Executive Director

General Counsel & Company Secretary

Membership No. F7090

Encl.: As above

Asahi India Glass Ltd. Corporate Office: sth, 6th & 8th Floor, Tower-B, Globai Business Park

Mehrauli -Gurgaon Road Gurgaon- 122002 (India)

Tel.: +91 124 4062212-19 Fax: +91 124 4062244, 4062288 Corporate Identity Number: L26102DL1984PLC0195,42 website : www.aisglass.com

Registered Office: Unit No.203 to 208, Tribhuwan Complex, Ishwar Nagar, Mathura Road, New Delhi- 110065,

[Asani

INDIA

GLASS LIMITED

REGD. OFFICE

: 203-208, TRIBHUWAN COMPLEX, ISHWAR NAGAR, MATHURA

ROAD, NEW DELHI-110 06

5

CORP. OFFICE

: ST

H FLOOR, TOWER-B, GLOBAL BUSINESS PARK, MEHRAULI GURGAON

ROAD, GURGAON

- 122

002

(HARYANA)

Stat

emen

t of Un

audi

ted

Financ

ial

Resu

lts

for

the

first

quar

ter

ende

d 30th Ju

ne,

2021

(Rs.

Lakhs)

S.No

Part

icul

ars

AIS

(Sta

ndal

one)

AIS

(Con

soli

date

d)

Quarter

Ended

Year En

ded

Quarter

Ende

d Year En

ded

30.06.2021

31.03.2021

30.06.2020

31.03.2021

30.06.2021

31.03.2021

30.06.2020

31.03.2021

(Una

udit

ed)

(Audited

) (U

naud

ited

) (Audited)

(Una

udit

ed)

(Aud

ited

)|-

(Una

udit

ed)

(Audited)

1 |Revenue from Op

erat

ions

a. Sales / Income from Operations

59381

79752

22102

237764

60350

80880

22706

241699

b. Other

Oper

atin

g In

come

2

551

98

1594

34

605

115

1735

Tota

l Re

venu

e fr

om Op

erat

ions

(a+b)

59383

80303

22200

2393

58

6038

4 81485

22821

243434

2 |O

ther

In

come

.

236

1587

19

0 26

83

132

1501

99

2314

Tota

l Income

(1

+ 2)

59

619

81890

22390

242041

60516

82986

2292

0 245748

~m

4 {E

xpen

ses

a. Cost

of Ra

w Ma

teri

als

Consumed

19791

2438

4 43

55

70725

19945

24705

4513

. 71639

b. Pu

rcha

ses

of Stock

- in

-Trade

339

851

207

1537

434

923

244

1933

c. Ch

ange

in

In

vent

orie

s of Fi

nish

ed Goods, Work-in-Progress

(391

3)

2246

5164

10620

(390

5)

2134

5255

10609

and

Stock

in Tr

ade

d. Power

& Fuel

9181

9146

4297

30311

9275

9248

4337

3063

3

e. Employee

Benefits Expenses

6537

7012

5049

24421

7019

7446

5652

26296

f. De

prec

iati

on

& Am

orti

sati

on Ex

pens

e 3620

3381

2883

1274

5 3730

3498

3005

13227

g. Fi

nanc

e Cost

. 3175

3020

3614

13845

3276

3253

3693

1431

5

h. Other

Expenses

15411

18440

5718

5603

9 15

780

18870

5921

57551

5414

1 68480

3128

7 220243

55554

70077

32620

2262

03

Tota

l Expenses

(a toh)

5 Pr

ofit

/(Lo

ss)

before Ex

cept

iona

l an

d Extraordinary

Items

and

5478

1341

0 (8

897)

21798

4962

12910

(970

0)

19545

Tax

(3)

- (4

)

Share

of Pr

ofit

/(Lo

ss)

of the

Asso

ciat

es

203

331

(29)

941

Profit/(Loss)

Before

Tax

(5)

+ (6

) 54

78

13410

(889

7)

21798

5165

13241

(972

9)

20486

Tax

Expe

nse

(1734)

(493

7)

3,224

(7914)

(1692)

(4822)

3358

(742

0)

Net

Profit/(Loss)

for

the

Peri

od

(7)

- (8

) 3744

8473

(567

3)

1388

4 3473

8419

(6

371)

13

066

WLS) alan

10

|Other Comprehensive

Inco

me,

Net

of Ta

x

- Items

that

wi

ll/w

ill

not

be re

clas

sifi

ed

to pr

ofit

&

Loss

90

359

(1)

446

90

366

(4)

446

11

|Tot

al Comprehensive In

come

for

the

Peri

od

(9)

+ (10)

3834

8832

(5674)

1433

0 3563

8785

(637

5)

13512

12

|Net

Profit/(Loss)

Attributable

to

; ,

- Owners

- No

n Co

ntro

llin

g In

tere

st

13

|Oth

er Comprehensive

Inco

me,

Net

of Ta

x at

trib

utab

le

to

- Owners

- No

n Co

ntro

llin

g Interest

14

|Total Other

Comprehensive Income at

trib

utab

le

to

- Owners

3624

88

29

(6278)

13753

- No

n Co

ntro

llin

g In

tere

st

(61)

(44)

(97)

(241)

15

|Pai

d up Eq

uity

Sh

are

Capi

tal

(Face

value

of

Re.

1/-

each)

2431

2431

2431

2431

2431

2431

2431

24

31

16

|Earning

Per

Share

(not an

nual

ised

)

(a)

Basi

c 1.54

3.49

-2

.33

5.71

1.45

3.48

-2.58

5.47

(b)

Diluted

1.54

3.

49

-2.3

3 5.71

1.45

3.48

-2.58

5.47

3534

8463 |

_ (6

274)

13307

(61)

(44)

(97)

(241)

90 366

(4)

446

ASAHI

INDIA

GLASS LIMITED

CIN

: L26102DL1984PLC019542

; WEBSITE

: www.aisglass.com

REGD. OFFICE

: 203-208, TRIBHUWAN COMPLEX, ISHWAR NAGAR, MATHURA ROAD, NEW

DELHI-110 06

5

CORP. OFFICE

: 5T

H FLOOR, TOWER-B, GLOBAL BUSINESS

PARK,

Segment-

wise Revenue,

Resu

lts

and

Capital

Empl

oyed

, EMAIL

: in

vest

orre

lati

ons@

aisg

lass

.com

MEHRAULI GURGAON

ROAD,

GURGAON -

122

002

(HARYANA)

(Rs. Lakhs)

AIS

( Standalone)

Als

(Con

soli

date

d)

S. No

. Pa

rtic

ular

s Quarter Ended

Year

Ended

Quarter Ended

Year

Ended

30.06.2021

31.03.2021

30.0

6.20

20

31.03.2021

30.06.2021

31.03.2021

30.0

6.20

20

31.03.2021

(Una

udit

ed)

(Aud

ited

) (Unaudited)

(Aud

ited

) (U

naud

ited

) (Audited

) (Unaudited)

(Audited

)

a

Segm

ent

Reve

nue

(Gro

ss)

Auto

moti

ve

Glas

s 32964

4727

4 8390

1345

60

32964

4727

4 8390

1345

60

Floa

t Glass

2658

0 34025

13715

1077

54

2658

0 34025

1371

5 107754

Othe

rs

1079

1603

483

4524

3001

3541

1216

10875

Total

60623

82902

22588

2468

38

6254

5 84840

2332

1 253189

Less

: Inter-segment revenue

1004

10

12

198

4797

2029

1854

401

7441

Tota

l Revenue

5961

9 81890

22390

2420

41

6051

6 82986

2292

0 245748

2|Se

gmen

t Re

sult

s

Auto

moti

ve

Glas

s 2666

7873

(3386)

17046

2666

7873

(3386)

17046

Floa

t Glass

6199

8620

(1729)

19126

6199

8620

(172

9)

1912

6

Othe

rs

(332

) (5

05)

(303)

(1748)

(644)

(682

) (937)

(315

0)

Tota

l 85

33

1598

8 (5418)

34424

8221

15812

(6052)

33022

Less

: In

tere

st

3175

30

20

3614

1384

5 3276

3253

3693

1431

5

Add

: Un

allo

cabl

e In

come

ne

t of

expenditure

120

442

135

1219

16

351

45

838

Share

of Profit/(Loss)

of th

e Associates

203

331

(29)

941

Tota

l Pr

ofit

/(Lo

ss)

Before

Tax

5478

1341

0 (8897)

2179

8 51

65

1324

1 (9729)

20486

3|]Segment As

sets

Auto

motive

Glass

228394

2296

78

215741

229678

228394

2296

78

2157

41

2296

78

Float

Glass

129935

127014

142855

127014

129935

1270

14

1428

55

127014

Others

1099

1 11

090

12545

11090

1099

1 1109

0 12

545

11090

Unal

loca

ted

1119

2 9840

14235

9840

9653

9553

1319

4 9553

Total

3805

12

377622

385376

3776

22

3789

73

377335

3843

35

3773

35

T+

Segment

Liab

ilit

ies

Automotive

Glas

s 49793

56620

39024

56620

49793

56620

39024

56620

Float

Glas

s 22

682

21424

20937

21424

22682

21424

20937

21424

Othe

rs

1019

1095

1361

10

95

1019

10

95

1361

1095

Unal

loca

ted

154531

149830

195405

149830

157877

154219

199067

154219

Total

2280

25

2289

69

256727

2289

69

231371

233358

260389

233358

Capi

tal

Empl

oyed

(Segment As

sets

-

Segm

ent

Liab

ilit

ies)

wn

Auto

moti

ve

Glass

178601

1730

58

176717

173058

178601

1730

58

1767

17

173058

Floa

t Glass

107253

105590

121918

1055

90

107253

1055

90

121918

1055

90

Others

9972

99

95

11184

9995

9972

9995

11184

9995

Unal

loca

ted

(143339)

(139990)

(181170)

(139990)

(148

224)

(144666)

(185873)

(144666)

Tota

l 152487 148653 128649 148653 147602 143977 123946 /\ 143977

Place

: Gurugram

Date

d : 30

th

July

2021

For

and

on be

hal

0 Bo

ard

of Di

rect

ors

\

Managing

Diré

ctor

&

CEO

\,\

1 The above financial results have been reviewed by the Audit Committee on 29th July 2021 and approved by

the Board of Directors at their meeting held on 30th July, 2021.

2 The financial results of the Company have been prepared in accordance with Indian Accounting Standards

(“Ind AS") notified under the Companies (Indian Accounting Standards) (Amendment) Rules, 2015 as

amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and recognition and

measurement principles in Ind AS 34 Interim Financial Reporting prescribed under Section 133 of the

Companies Act, 2013 read with rules issued thereunder and the other accounting principles generally

accepted in India.

3 The Company has considered the possible effects that may results from the COVID-19 pandemic on the

carrying amount of Property, Plant & Equipments, Investments, Receivables and other current assets. In

developing the assumptions relating to the possible future uncertainties in the global economic conditions

because of this pandemic, the Company, as at the date of approval of these Financial Results has used

internal and external sources on the expected future performance of the Company and does not anticipate any major challenge in meeting its financial obligations. The impact of COVID-19 on the Company's Financial

Results may differ from that estimated as at the date of approval of these Financial Results.

4 Previous period figures have been regrouped, wherever necessary.

For and on behalf of Board of Directors

‘a

Place: Gurugram , Martine Direstor & CEO Dated : 30th July 2021

’ i

TL |

“\.VSS A & ASSOCIATES —A-1/255, Safdabjung Enclave, CHARTERED ACCOUNTANTS New Delht-110 029

Tele : 011- 41354900,26102381

E-mail: vssaassociates@gmail.com INDEPENDENT AUDITOR’S REVIEW REPORT ON REVIEW OF INTERIM

STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF

ASAHI INDIA GLASS LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial

‘Results of ASAHI INDIA GLASS LIMITED (“the Company)for the quarter ended 30!’ June,2021 (“the Statement) being submitted by the Company pursuant to the

requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

3.We conducted our review of the Statement in accordance with the Standard on Review

Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the

Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of

India. This standard requires that we plan and perform the review to obtain moderate

assurance as to whether the financial statements are free of material misstatement. A

review is limited primarily to inquiries of company personnel and _ analytical

procedures applied to financial data and thus provides less assurance than an audit.

We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above, nothing has come to our attention that causes

us to believe that the accompanying statement of unaudited financial results prepared

in accordance with applicable accounting standards and other recognized accounting

practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015(as amended) including the manner in which it is to be disclosed, or

that it contains any material misstatement.

For VSSA & Associates

Chartered Accountants

Firm Registration No 012421N

Digitally signed

: + y by Samir Vaid Samir Vaid Date: 2021.07.30

10:32:43 +05'30'

Place: New Delhi Samir Vaid

Dated: 30" July, 2021 Partner

UDIN: 21091309A AA AEL8932 Membership No. 091309

V VSSA & ASSOCIATES A-1/255, Safdakjung Enclave,

CHARTERED ACCOUNTANTS New Delht-110 029

Tele : 011- 41354900,26102381 E-mail: vssaassociates@gmail.com

Independent Auditor’s Review Report On consolidated unaudited quarterly and year to date financial results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TO THE BOARD OF DIRECTORS OF Asahi India Glass Limited

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Asahi India Glass Limited (“the Parent”) and its subsidiaries (the Parent and its subsidiaries together referred to as “the Group”), and its share of the net profit after tax and total comprehensive

income / loss of its associates for the quarter ended 30" June 2021 (“the Statement”), being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by. the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A

review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

4. The Statement includes the results of the following entities: Subsidiaries

(a) AIS Glass Solutions Limited (b) GX Glass Sales & Services Limited (c) Integrated Glass Materials Limited

Associates (d) AIS Adhesives Limited (e) AIS Distribution Services Limited (f) Timex Global Precision Engineering PrivateLimited (g) Fourvolt Solar Private Limited

5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to

believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and otheraccounting principles generally accepted in India,hasnot disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

6. We did not review the interim financial results of three subsidiaries included in the

consolidated unaudited financial results, whose interim financial results reflect total assetsof Rs.15015Lakhs as at 30" June 2021 and total revenues of Rs. 1939 Lakhs

and total net loss after tax of Rs.473Lakhs and total comprehensive loss of Rs473Lakhs for the quarter ended 30" June 2021 respectively, and cash flows (net outflows)of Rs. 58 Lakhs for the period fromist’ April 2021 to 30" June 2021, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group’s share of net profit after tax of Rs. 203 Lakhs and total comprehensive income of Rs. 203Lakhs for the quarter ended 30" June 2021as considered in the consolidated unaudited financial results, in respect of fourassociates, whose interim financial statement / financial information / financial results have not been reviewed by their respective auditors. These interim financial statements / financial information / financial results have been reviewed by other auditors whose reports have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiariesis based solely on the reports of the other auditors and the procedures performed by us as stated in paragraphs 3 and 6 above.

Our conclusion on the Statement is not modified in respect of the above matters.

For VSS A &Associates Chartered Accountants Firm Registration No 012421N

Digitally signed

Sa mM I l by Samir Vaid

Date:

Vaid 2021.07.30 10:36:36 +05'30'

Place: New Delhi Samir Vaid Dated: 30" July, 2021 Partner UDIN :21091309AAAAEM9414 Membership Number 091309

Public Announcement

Asahi India Glass Limited (AIS) and Ahmedabad based Vishakha Group announces partnership and investment for setting up India’s largest Solar Glass manufacturing plant at Mundra.

Delhi, 30" July 2021: AIS and Vishakha group have announced their joint venture into solar glass with an in principle agreement for setting up of India’s largest and state-of-the-art green field solar glass plant at Mundra, Gujarat, with phase-1 glass manufacturing capacity of up to 3GW of the installable capacity of solar power plants. The plant is expected to be commissioned within 18-24 months. AIS will take a minority stake in the solar glass business.

Vishakha Group is well-established and one of the largest manufacturers of flexible polymer packaging. It also has manufacturing facilities for other key components in the entire solar panel value chain viz., solar backsheets, EVA encapsulant sheets and solar module aluminum frames.

As part of its commitment to the Paris Climate Agreement, India has now embarked on an ambitious target of generating 450 GW of renewable energy by year 2030. This has led to a surge in demand for solar power in India,

resulting in a huge demand for solar power equipment / panel and solar glass.

Mr. Sanjay Labroo, Managing Director & C.E.O, of Asahi India Glass Ltd (AIS), said: “Although a different market segment, solar glass is still an adjacent business to the existing businesses of AIS. We are delighted to partner with Vishakha group in their vision of creating the entire ecosystem and value chain for indigenizing solar energy generation in India.”

Mr. Jigish Doshi, Chairman Vishakha Group, said: “India has been one of the few nations that has accelerated

its global commitment towards climate change and we intend to do our part to achieve the renewable energy

target. The joint venture into solar glass manufacturing will support the “Atmanirbhar Bharat” initiative of Government of India, contribute in achieving energy independence and lead to massive job creation in the Gujarat region. We are delighted to partner with AIS in this new journey. We plan to compliment the technical

expertise & experience of AIS with synergies from our other businesses in the entire solar value chain”.

About Asahi India Glass Limited (AIS):

Asahi India Glass Ltd. (AIS) is India’s leading integrated glass company engaged in production and delivery of next-generation glass products and solutions to retail and institutional customers. A dominant player in

Automotive and Architectural Glass segments, AIS provides end-to-end solutions across the entire value chain in both these segments — from manufacturing of float glass to glass processing, fabrication and installation. It

commands about 72% share in the Indian passenger car glass market, with an established track record and a leadership position over the past three decades. Established in 1986, AIS’s footprint today spans the entire

spectrum of the automotive and architectural glass value chain. With its backward and forward integration

across the glass value chain, AIS is uniquely positioned to meet the end-to-end glass solutions requirements of its customers and has design and development capability to come out with continuous innovations in glass

products.

Company Website: www.aisglass.com

About Vishakha Group

Ahmedabad based Vishakha group is an established player in flexible polymer packaging, drip irrigation systems and pipes, solar backsheets, solar encapsulant films, solar module aluminium frames and material handling solutions.

am

Company Website: www.vishakha.com